Highest-materiality recent filing
Katapult (KPLT) amends credit facility; waives default, removes minimum origination covenant
Permanent waiver of default for failure to meet Minimum Trailing Three-Month Net Originations as of May 31, 2026.
Katapult Q1 revenue up 10% to $79M; net income $5.7M; merger with Aaron's on track
Revenue $79.0M (+9.8% YoY); net income $5.7M vs loss of $5.7M YoY; Adjusted EBITDA $6.4M (+191% YoY).
Katapult enters Tenth Limited Waiver for loan breach; waives Q1 originations miss
Credit parties failed to maintain Minimum Trailing Three-Month Net Originations as of March 31, 2026.
Katapult Q4 2025 revenue $73.9M (+17%), net income $19.8M; pending Aaron's merger on track
Q4 gross originations $77.9M (+3.7% YoY); full year $278.5M (+17.3%). Excluding home furnishings, Q4 originations +14.2%.
Katapult permanently waives loan default for missing origination covenant as of Jan 31, 2026
Credit Parties failed to maintain Minimum Trailing Three-Month Net Originations required by loan agreement as of Jan 31, 2026.
Katapult defaults on loan covenant; obtains permanent waiver from lenders
Credit parties failed to maintain Minimum Trailing Three-Month Net Originations as of Dec 31, 2025.
Katapult to combine with Aaron's and CCF Holdings; existing holders to own 6% of combined company
Katapult enters merger agreement with Aaron's and CCF Holdings; close expected by Sept 30, 2026.
Gross originations reached $64.2 million in Q3 2025, a 25.3% increase year-over-year.
Issued 35K Series A shares at $1,000 each ($35M gross) and 30K Series B shares ($30M) to HHCF Series 21 Sub, LLC for aggregate $65M.
Katapult enters sixth limited waiver for loan covenant breach; lenders can convert debt to equity
Sixth limited waiver temporarily waives default for failing to maintain $61M minimum trailing three-month originations as of Aug 31 and Sep 30, 2025.
Katapult obtains fifth limited waiver on loan covenant breach; default waived only until Oct 29
Failed to maintain Minimum Trailing Three-Month Originations of at least $61M as of Aug 31 and Sep 30, 2025.
Katapult gets temporary waiver of loan default until Oct 27; lenders may convert debt to equity
Failed to maintain minimum $61M trailing three-month originations as of Aug 31 and Sep 30, 2025, triggering default.
Company defaulted on Minimum Trailing Three-Month Originations covenant as of Aug 31 and Sept 30, 2025.
Minimum trailing three-month originations covenant breached as of Aug 31, 2025; existing default temporarily waived until Oct 13, 2025.
Katapult Q2 gross origination +30% YoY, revenue +22%; raises FY2025 gross origination outlook
Q2 gross originations $72.1M (+30.4% YoY); revenue $71.9M (+22.1%).
Katapult obtains limited waiver for covenant breach under Refinancing Agreement
Entered Limited Waiver on Aug 5, 2025, waiving failure to maintain Minimum Trailing Three Month Net Originations as of July 31, 2025.
Katapult refinances credit: $110M revolver, $32.7M term loan at 18% PIK; warrants issued to Blue Owl
New $110M revolver (incl $20M new commitments) at SOFR+7%+0.10% spread; $32.7M term loan at 18% PIK interest.
Katapult enters third limited waiver, extends maturity to June 13 amid existing defaults
Third Limited Waiver extends Maturity Date from June 9 to June 13, 2025; temporary waiver of existing defaults until then.
Katapult enters second limited waiver, extends loan maturity to June 9, 2025
Second limited waiver extends maturity and waiver period from June 4 to June 9, 2025.
Katapult Q1 gross originations +15.4% to $64.2M; guides Q2 growth of 25-30%
Revenue $71.9M (+10.6% YoY); net loss widened to $5.7M from $0.6M loss in Q1 2024.
Katapult Q1: gross originations +15.4%, revenue +10.6%; Q2 outlook accelerates to 25-30% growth
Gross originations $64.2M (+15.4% YoY); total revenue $71.9M (+10.6% YoY).
Katapult Q4 gross originations up 11% YoY; guides FY2025 revenue growth at least 20%
Q4 2024 gross originations $75.2M (+11.3% YoY); total revenue $63.0M (+9.4% YoY).
Katapult amends credit agreement, waives defaults from data errors, reduces liquidity covenant
Minimum liquidity covenant reduced from $10M to $7M through Dec 31, 2024, returns to $10M on Jan 1, 2025.
Katapult ups credit facility to $100M with committed and uncommitted increases
Total facility increased from $75M to $100M via 17th amendment to credit agreement.
Katapult Q3 revenue $60.3M (+10% YoY); net loss widens to $8.9M; guides FY Adj. EBITDA ~$5.5M
Gross originations $51.2M (+3.3% YoY); KPay originations up 86%, now 31% of total.
Katapult Q2 revenue up 8.7% to $58.9M; net loss narrows; reiterates FY24 at least 10% growth
Gross originations $55.3M (+1.1% YoY); Katapult Pay originations more than doubled.
Katapult reaches $12M settlement in class action suits; amends CFO severance terms
Agreed to settle two class actions for $12M total ($8.5M cash + $3.5M stock/cash); accrued $12M liability previously.
Katapult Q1 revenue up 18% to $65.1M, net loss narrows sharply; reaffirms 10%+ FY growth
Q1 revenue $65.1M (+18.1% YoY); gross originations $55.6M (+1.6% YoY).
Katapult Chief Accounting Officer Christopher Towers resigns; Arthur Goss named interim
Christopher Towers resigns as Chief Accounting Officer, effective May 1, 2024, for personal reasons, no disagreement.
Katapult restates 2022-2023 financials; revenue overstated $2.3M, sales tax understated $5.4M
Non-reliance on previously issued financials for 2022 annual, 2022-2023 quarters, and Q4 2023 earnings release due to material misstatements.
On April 11, 2025, Joyce Phillips informed Katapult Holdings Inc. (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.
Derek Medlin, age 41, the Chief Operating Officer of Katapult Holdings, Inc.’s (the “Company”) has been promoted to President and Chief Growth Officer, effective as of August 16, 2024.
In connection with Ms. Folan’s acceptance, Mr. Arthur Goss, the interim Chief Accounting Officer will continue in his role as Vice President, Internal Audit.
On July 15, 2024, Kaitlin A. Folan, age 41, accepted an offer from Katapult Holdings, Inc. (the “Company”) to join as the Company’s Chief Accounting Officer, effective as of July 22, 2024.
Upon Mr. Towers' departure and until such time as a permanent replacement is named, Mr. Arthur Goss, Vice President, Internal Audit will assume the duties and responsibilities of the Chief Accounting Officer on an interim basis.
On April 22, 2024, Katapult Holdings, Inc.’s (the “Company”) Chief Accounting Officer, Christopher Towers resigned from the Company.
Max materiality 0.90 · Median 0.70 · Most common event debt